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Cowen Reaffirmed JetBlue Airways (NASDAQ:JBLU) As “Market Perform”; Has Target Of $24.0

Cowen and Company Analyst Rating Change JetBlue Airways NASDAQ:JBLU

JetBlue Airways (NASDAQ:JBLU) Rating Restated

New York: In an analyst report sent to clients and investors on Tuesday morning, Cowen reaffirmed their “Market Perform” rating on shares of Jetblue Airways (NASDAQ:JBLU). They currently have a $24.0 price target on the company. Cowen’s target would suggest a potential upside of 25.33 % from the company’s previous stock close.

NASDAQ:JBLU is right now trading 0.85% higher at $18.99 as of 8:17 AM New York time. JetBlue Airways’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has surged 6.00% in the same time.

Out of 13 analysts covering JetBlue Airways, 8 rate it a Buy, 7 indicate a Hold while 0 suggest a Sell. The highest target is $31 and the lowest is $19 according to Thomson/First Call. The 12-month mean target is $25.81, which means upside potential of 35.91% over the current price.

Institutional Ownership

Csat Investment Advisory L.P. had the most significant stake with ownership of 72,566 shares as of Q2 2015 for 4.67% of the stock exposure. Nwi Management Lp is another bull as the investment manager who is owning 1.94 million shares of JetBlue Airways or 3.5% of their stock exposure. Furthermore, Credit Capital Investments Llc have 3.3% of their stock exposure invested in the company for 181,400 shares. The New York-based fund Donald Smith & Co. Inc. disclosed it had purchased so far a stake worth about 2.63% of the investment manager’s stock portfolio in JetBlue Airways. The New York-based fund Garrison Bradford & Associates Inc is also positive about the stock, possessing 5.57 million shares or 2.39% of their stock exposure.

JetBlue Airways (NASDAQ:JBLU) Profile

Jetblue Airways CorpJetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America.

JetBlue Airways (NASDAQ:JBLU) traded up 0.85% on 12 December, hitting $18.99. A total of 7.36M shares of the company’s stock traded hands. This is up from average of 6.64M shares. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a market cap of $6.09B and a P/E ratio of 9.68.

Get the latest JetBlue Airways (NASDAQ:JBLU) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Cowen Reaffirmed JetBlue Airways (NASDAQ:JBLU) As “Market Perform”; Has Target Of $24.0 appeared first on Octafinance.

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Cowen Reaffirmed JetBlue Airways (NASDAQ:JBLU) As “Market Perform”; Has Target Of $24.0


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